A Look Into Waste Management Inc's Price Over Earnings
Portfolio Pulse from Benzinga Insights
Waste Management Inc. (NYSE:WM) saw a slight increase of 0.01% in its share price to $178.25 in the current market session. Despite a minor decrease over the past month, the stock has risen by 17.05% over the past year. The article discusses the company's P/E ratio in comparison to the industry average, suggesting that WM's lower P/E ratio of 31.55, compared to the industry's 38.4, could indicate that the stock is undervalued or that investors have lower growth expectations.
January 10, 2024 | 8:45 pm
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Waste Management Inc.'s stock has a lower P/E ratio compared to its industry, which could suggest it is undervalued or has lower expected growth. The stock has seen a slight increase recently and has had significant growth over the past year.
The P/E ratio is a key indicator of how a stock is valued relative to its earnings. WM's lower P/E ratio compared to the industry could attract investors looking for undervalued stocks, but it could also reflect lower growth expectations. The short-term impact is likely neutral as the P/E ratio is just one of many factors investors consider, and the article does not provide new, definitive information that would significantly alter investor perception.
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